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Springdale Heights, NSW 2641

Home » NSW Real Estate Data » Albury City Council, NSW » Springdale Heights, NSW 2641

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Springdale Heights, NSW 2641 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Springdale Heights, NSW 2641”

  1. The total adult population (15 years or older) of Springdale Heights 2641 NSW is 2,080, with a median age of 37. Of those, 42.74% are married, 14.62% are divorced or separated, 37.31% are single and 5.24% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,220. The median monthly mortgage repayment for households in this suburb is $1,517 which is 24.39% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of SPRINGDALE HEIGHTS 2641 is home to an estimated 1327 households. As we move into Q3 of 2023, the typical house prices in this suburb are recorded at $521,044, with the median weekly rent sitting at $445. This translates to an attractive indicative yield of 4.44%, well above the 3% threshold attractive to cashflow-focused property investors.

    In relation to fundamental metrics, SPRINGDALE HEIGHTS 2641 holds an IRSAD score of 877 out of 1217, suggesting a reasonable level of socio-economic resources, including income and skill level in this area. The renter to owner ratio in this suburb aligns with the favourable benchmark of 30%, indicating a well-balanced mixture of homeowners and tenants. Adding to this, the unit to house ratio is an ideal 7%, pointing towards a market less saturated with units and more appealing to families who typically maintain longer tenancy periods.

    Speaking of affordability, the index in SPRINGDALE HEIGHTS is at 33 years. This lies slightly higher than the preferable range, suggesting that the area may present some challenges in terms of affordability for potential buyers or investors.

    In terms of supply metrics, we see that the stock on market percentage for houses at 0.16% is favourable, indicating a low level of unsold stock in relation to the total number of dwellings in the suburb. Simultaneously, the inventory level at 0.73 months is also favourable, reflecting a quickly absorbant market for new listings.

    The building approvals Ratio for houses sits at 0.64%, below the high supply threshold, suggesting a low supply of new dwelling stock, which creates a favourable environment for property investors.

    The suburb also showcases some insightful demand metrics, including an average of 57 days on market for houses. This figure is slightly higher than the high-demand threshold, indicating a moderate level of demand. However, the combined vacancy rate for houses and units is an impressive 1.24% – well below the threshold for high demand – showing that rentals in the area are in significant demand.

    Lastly, the buy search index for houses is recorded at 3, falling within the considered neutral range. This suggests that the interest of potential buyers in SPRINGDALE HEIGHTS 2641 is comparable to the state/city average.

    Despite the minor challenge in the affordability index, SPRINGDALE HEIGHTS 2641 reveals several favourable metrics making it a suburb worth considering for sound property investing decisions. The viewpoint is further strengthened by the development of the RCS (Relative Composite Score) metric by HtAG Analytics, providing investors with a comprehensive analysis of over 80 metrics. Accurate and detailed insights like these enable investors to keep a tab on market developments, aiding beneficial investment decision-making.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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